3 years ago
Naked Energy Secures £1 Million Investment from Nesta Impact Investments
Naked Energy, a British solar tech startup, has raised £1 million in funding from Nesta Impact Investments
The funding will be used to expand the company's engineering and commercial teams and scale production of its cutting-edge solar technology
The deal comes as part of a funding round that has already seen investment from Barclays and ELM Companies
The company's Virtu collector combines high efficiency solar photovoltaic (PV) and solar thermal technology to generate both electricity and heat from a single collector
The technology is proven to be 3-4x more efficient than commonly seen solar panels and is perfect for businesses with high heat demand but limited roof space.